Sysco Ends Plans to Merge With US Foods -- 2nd Update

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Annie Gasparro Sysco Corp. abandoned its planned acquisition of rival US Foods Inc. following a federal judge's ruling against the deal, forcing the food-distribution giant to find a new strategy for its future that is likely to include smaller ...

3G Accelerates Management Shake-Up Ahead of Kraft-Heinz Merger -- Update

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Annie Gasparro And Maria Armental H.J. Heinz Co.'s private-equity owner accelerated its shake-up of Kraft Foods Group Inc.'s management ranks, ahead of a shareholder vote on approving their combination. Kraft and Heinz, which is controlled by Brazilian investment firm ...

Japan's SMBC Nearing Deal for GE European Private-Equity Finance Unit

TODAY: June 30, 2015 PUB DATE: June 30, 2015

Japan's Sumitomo Mitsui Banking Corp. is nearing a deal to buy General Electric Co.'s European private-equity finance business, according to people familiar with the matter, the latest step in the industrial conglomerate's retreat from banking. SMBC is expected to pay ...

German Retail Sales Grown in May

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Emese Bartha FRANKFURT--German retail sales continued to expand in May, beating economists' forecasts and supporting views that private consumption is likely to remain a solid pillar of growth in Europe's largest economy. Retail sales in May increased 0.5% in ...

Cheil Industries Promises Better Dividends if Merger Approved

TODAY: June 30, 2015 PUB DATE: June 30, 2015

SEOUL-?Cheil Industries Inc., the Samsung conglomerate's de facto holding company, said Tuesday it would boost dividends and establish a corporate governance committee -- but only after a contentious merger with Samsung's construction and trading company is approved by shareholders. The ...

Markets Are Shaken by Turmoil in Europe

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Tommy Stubbington, Corrie Driebusch and Josie Cox The growing threat of Greece's exit from the eurozone rattled financial markets Monday, as investors dumped stocks world-wide and moved to the safety of U.S. and German government bonds. The Dow Jones ...

Turmoil in Europe Shakes Markets

TODAY: June 30, 2015 PUB DATE: June 30, 2015

The growing threat of Greece's exit from the eurozone rattled financial markets Monday, as investors dumped stocks world-wide and moved to the safety of U.S. and German government bonds. The Dow Jones Industrial Average fell more than 350 points, or ...

Walt Disney to Merge Units for Interactive Media, Consumer Products

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Ben Fritz Seven years after launching a stand-alone interactive-business unit, Walt Disney Co. is merging it with a larger sibling. The media giant is merging Disney Interactive, which produces video games and online content, with Disney Consumer Products, which ...

Oil Stays Under Pressure Ahead of Iran Nuclear Talks

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Eric Yep Crude-oil futures remained under pressure in Asian trade Tuesday, as investors monitor the progress of the Iranian nuclear talks in Vienna and a worsening Greek debt crisis. On the New York Mercantile Exchange, light, sweet crude futures ...

S&P Cuts Ratings on Greece Again

TODAY: June 30, 2015 PUB DATE: June 30, 2015

Standard & Poor's Ratings Services downgraded Greece's credit ratings deeper into junk territory, while speculating that the probability the country will exit the eurozone is roughly 50%. The one-notch downgrade to triple-C-minus comes with a negative outlook, and the credit ...

Petrobras Rules Out Issuing New Shares

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Paul Kiernan RIO DE JANEIRO--Brazilian state-run oil giant Petróleo Brasileiro SA doesn't foresee a need to issue new shares after slashing its investment plans and placing tens of billions of dollars of assets on the block, Chief Executive Aldemir ...

Celgene to Pay Juno $1 Billion as Part of 10-Year Collaboration

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Josh Beckerman Celgene Corp. agreed to pay Juno Therapeutics Inc. $1 billion as an initial investment in a 10-year collaboration that is the latest and one of the most ambitious partnerships to develop treatments that harness the immune system ...

Celgene to Pay Juno $1 Billion as Part of 10-Year Collaboration

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Ron Winslow and Joseph Walker Celgene Corp. agreed to pay Juno Therapeutics Inc. $1 billion as an initial investment in a 10-year collaboration that is the latest and one of the most ambitious partnerships to develop treatments that harness ...

BOE's Haldane: Record-Low Rates Needed for Recovery

TODAY: June 30, 2015 PUB DATE: June 30, 2015

LONDON?Raising interest rates too early could risk another recession in the U.K., the Bank of England's chief economist Andy Haldane planned to say in a speech Tuesday. According to a prepared text of the speech, Mr. Haldane was to argue ...

Yen Rises Driven by Worries Over Greece

TODAY: June 30, 2015 PUB DATE: June 30, 2015

By Kosaku Narioka The Japanese yen rose against other major currencies Tuesday in Asia as continued concern over Greece's future in the eurozone increased demand for safe-haven assets. While the jitters that roiled global markets and drove the yen higher ...